Economy of France

[Rick Rodriguez]

France is considered to be a developed nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life. As a developed nation, France is able to provide its citizens with social services like public education, healthcare, and law enforcement. Citizens of developed nations enjoy a high standard of living and longer life expectancies than citizens of developing nations. Each year, France exports around $578.6 billion and imports roughly $659.8 billion. 9% of population in the country are unemployed. The total number of unemployed people in France is 5,870,994. In France, 17% of the population lives below the poverty line. The percentage of citizens living below the poverty line in France is fairly high, but is not reason for complete concern with regard to investments. Potential financial backers should look at other economic markers, including GDP, urbanization rate, and strength of currency, before making any decisions regarding investments. Government expenditure on education is 5.6% of GDP. The Gini Index of the country is 30.1. France is experiencing good equality. The majority of citizens in France fall within a narrow range of income, although some cases may show significant differences. France has a Human Development Index (HDI) of 0.884. France has a very high HDI score. This indicates that nearly all citizens are able to attain a desirable life because of social and economic support; citizens with a low standard of living receive aid and support and have the opportunity to advance in society. The Global Peace Index (GPI) for France is 1.742. Due to strong law enforcement presence and high social responsibility, France is very safe by international standards. The strength of legal rights index for France is 4. Overall, it is considered to be rather inadequate - bancrupcy and collateral laws are able to protect the rights of borrowers and lenders to some degree; credit information may be sufficient, but hardly available, or, the oppoiste case, available but not sufficient.

Currency

The currency of France is euro. There are several plural forms of the name 'euro'. These are euro, euros. The symbol used for this currency is €, and it is abbreviated as EUR. The euro is divided into Cent; there are 100 in one euro.

Credit rating

The depth of credit information index for France is 6, which means that information is mostly sufficient and quite detailed; accessibility is not a problem. According to the S&P credit-rating agency, France has a credit rating score of AA, and the prospects of this rating are stable. According to the Fitch credit-rating agency, France has a credit rating score of AA, and the prospects of this rating are stable. According to the Moody's credit-rating agency, France has a credit rating score of Aa2, and the prospects of this rating are stable.

Central bank

In France, the institution that manages the state's currency, money supply, and interest rates is called Bank of France. Locally, the central bank of France is called Banque de France. The average deposit interest rate offered by local banks in France is 1.1%.

Public debt

France has a government debt of 52.1% of the country's Gross Domestic Product (GDP), as assessed in 2012.

Tax information

The corporate tax in France is set at 33.3%. Personal income tax ranges from 5.5% to 45%, depending on your specific situation and income level. VAT in France is 20%.

Finances

The total Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) in France is $2591170 billion. The Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) per capita in France was last recorded at $40 million. PPP in France is considered to be below average when compared to other countries. Below average PPP indicates that citizens in this country find it difficult to purchase local goods. Local goods can include food, shelter, clothing, health care, personal care, essential furnishings, transportation and communication, laundry, and various types of insurance. Countries with below average PPP are dangerous locations for investments. The total Gross Domestic Product (GDP) in France is 2,806,432 billion. Based on this statistic, France is considered to have a large economy. Countries with large economies support a wide variety of industries and businesses, providing ample opportunities for investment. Large economies support a substantial financial sector, making it easy to organize investments and financial transactions. It should be very easy to find good opportunities for investment in France. The Gross Domestic Product (GDP) per capita in France was last recorded at $43 million. The average citizen in France has very low wealth. Countries with very low wealth per capita often have lower life expectancies and dramatically lower quality of living among citizens. It can be very difficult to find highly skilled workers in countries with very low wealth, as it is difficult for citizens to obtain the requisite education needed for specialized industries. However, labor can be found for very low rates when compared with countries with higher wealth per capita. GDP Annual Growth Rate in France averaged 0.4% in 2014. According to this percentage, France is currently experiencing modest growth.